EURUSD Daily Analysis – April 2, 2020
EURUSD extended its downside movement from 1.1147 to as low as 1.0902. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...
Category: Short Term Forex Analysis
USDCAD Daily Analysis – April 1, 2020
USDCAD remains in the uptrend from 1.3920, the pullback from 1.4348 is likely corrective consolidation for the uptrend. Another rise would likely be seen and a break of 1.4348 resistance could trigger another rise towards 1.4600. Support...
USDJPY Daily Analysis – April 1, 2020
USDJPY moved sideways in a trading range between 107.12 and 108.72. As long as 108.72 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 111.71, a breakdown below 107.12 support could trigger...
AUDUSD Daily Analysis – April 1, 2020
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.5507. As long as the trend line support holds, the upside movement could be expected to continue and next target...
GBPUSD Daily Analysis – April 1, 2020
GBPUSD stays in a rising trend line on the 4-hour chart and remains in the uptrend from 1.1409. As long as the trend line support holds, the upside movement could be expected to continue and next target...
EURUSD Daily Analysis – April 1, 2020
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.0635 had completed at 1.1147 completed. Further decline is still possible after consolidation and next target would be at 1.0800...
USDCAD Daily Analysis – March 31, 2020
USDCAD’s downside movement from 1.4667 had completed at 1.3920 already. Further rally could be expected in the coming days and next target would be at 1.4450 area. Support is at 1.3920, only break below this level could...
USDJPY Daily Analysis – March 31, 2020
USDJPY broke above 108.00 resistance, suggesting that the downside movement from 111.71 had completed at 107.12 already. Further rally would likely be seen in the coming days and next target would be at 110.00 area. Support is...
AUDUSD Daily Analysis – March 31, 2020
AUDUSD remains in the uptrend from 0.5507. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 0.6199 could be treated as consolidation for the uptrend and further rise...
GBPUSD Daily Analysis – March 31, 2020
GBPUSD pulled back from 1.2485. As long as the price is above the rising trend line on the 4-hour chart, the pullback could be treated as consolidation for the uptrend from 1.1409, further rise to 1.2800 is...